Cayman Islands – General Information

Location: Caribbean, three-island group (Grand Cayman, Cayman Brac, Little Cayman) in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica.Area: total: 264 sq km, land: 264 sq km, water: 0 sq km.Natural resources: Fish, climate and beaches that foster tourism.Population: 58,441, most of the population lives on Grand Cayman (July 2017 est.).Capital: George Town (on Grand Cayman).Time Zone: UTC−5.Languages: English (official) 90.9%, Spanish 4%, Filipino 3.3%, other 1.7%, unspecified 0.1% (2010 est.).Government type: Parliamentary democracy (Legislative Assembly); self-governing overseas territory of the UK.Legal system: English common law and local statutes.International organization participation: Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU.Economy: With no direct taxation, the islands are a thriving offshore financial center. More than 65,000 companies were registered in the Cayman Islands as of 2017, including more than 280 banks, 700 insurers, and 10,500 mutual funds. A stock exchange was opened in 1997. Nearly 90% of the islands’ food and consumer goods must be imported. The Caymanians enjoy a standard of living comparable to that of Switzerland.
Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America.Currency: Caymanian dollar (KYD).

Cayman Islands Company – Overview

Advantages of Cayman Islands Company

Exemption from all local taxes and stamp duty

Maximum confidentiality and anonymity

Ease of operation, maintenance and control

Asset security

No disclosure or minimum capital requirements

A minimum of one shareholder is required for a Cayman Islands company registration

A minimum of one director is required for a Cayman Islands company registration